Consumer confidence jumps

New York -- Confidence among consumers hit a five-year high in November, boding well for retailers as they head into the holiday season.

The index of consumer sentiment from Thomson Reuters/University of Michigan rose to 84.9 in November from 82.6, topping economists' expectations for a reading of 83.

It was the highest level since July 2007. The measure of consumer expectations also hit a more than five-year high, rising to 80.8 from 79.0. The consumer sentiment survey is now consistent with a gain in consumer spending of 2.5% next year, the report said.

Solutions Spotlight

In this report, you'll discover the benefits of such an approach, including optimizing the architecture to make full use of modern network capabilities and using commercial applications to support non-differentiating operational processes wherever possible.